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Progress Journals & Experimental Routines / Re: Dreyth's New Journal
« on: April 30, 2015, 10:15:01 pm »
Im dying to make a lot of money already. I dont want to work a 9-5 for decades. Hell no. I want to work for myself and on my own time.
I should start keeping some kind of success journal, similar to... was it Taylor Horton? The kid who was offered a D1 scholarship but turned it down? He went to focus on finances and stocks and stuff. I should contact him or something.
Current plan:
- Living with parents. I have absolutely no bills. I make crap pay. About $34k a year before taxes. I'm putting $20k a year in the bank though.
- Currently studying for certifications (A+, Net+, Sec+) and want to get a job in IT, my field. Already accepted into a Master of Cyber Security program at Fordham University. May push it back another semester since it costs $35k or so. One year program though! And I get def get a job starting at a minimum of $60k with it.
- Waiting to put money together with a friend to buy a property. Said friend has a renovations company. We can get a loan for a property, renovate the hell out of it, driving its value way up. Then we rent it out to tenants. Those tenants will pay us rent higher than the mortgage payments we owe.
- We want to pay off that mortgage as fast as possible with the tenant's rent + our combined salaries. Then we just profit off of it, while using the property as collateral for a mortgage on a second property... REPEAT.
- In the meantime I hope to drive my salary higher and higher with more experience, certifications, and a master's degree.
I'm a little torn though.
OPTION A: Don't get my master's yet. Keep working at 34k a year to save money to buy a property asap. Build experience in real estate (I'm a property manager). Then worry about masters or perhaps venture into higher paying real estate jobs.
OPTION B: Get master's early. Sure i'll be spending all my savings for it, but then my salary can double. But then I'll have to wait an extra year or two to buy a property.
OPTION C: get a job in IT that may pay for part of my masters. In addition it may pay more than what I'm making now.
I think option C is best. That's what I'm working towards right now.
At the same time, I'm learning a ton about stocks and options and what not. I have leisure money on the side. Instead of spending that money on bullshit like going out with friends and unnecessary clothes... why not play the stock market?
LONG TERM GOAL
Live off of passive income. Or as close to passive as possible.
I should start keeping some kind of success journal, similar to... was it Taylor Horton? The kid who was offered a D1 scholarship but turned it down? He went to focus on finances and stocks and stuff. I should contact him or something.
Current plan:
- Living with parents. I have absolutely no bills. I make crap pay. About $34k a year before taxes. I'm putting $20k a year in the bank though.
- Currently studying for certifications (A+, Net+, Sec+) and want to get a job in IT, my field. Already accepted into a Master of Cyber Security program at Fordham University. May push it back another semester since it costs $35k or so. One year program though! And I get def get a job starting at a minimum of $60k with it.
- Waiting to put money together with a friend to buy a property. Said friend has a renovations company. We can get a loan for a property, renovate the hell out of it, driving its value way up. Then we rent it out to tenants. Those tenants will pay us rent higher than the mortgage payments we owe.
- We want to pay off that mortgage as fast as possible with the tenant's rent + our combined salaries. Then we just profit off of it, while using the property as collateral for a mortgage on a second property... REPEAT.
- In the meantime I hope to drive my salary higher and higher with more experience, certifications, and a master's degree.
I'm a little torn though.
OPTION A: Don't get my master's yet. Keep working at 34k a year to save money to buy a property asap. Build experience in real estate (I'm a property manager). Then worry about masters or perhaps venture into higher paying real estate jobs.
OPTION B: Get master's early. Sure i'll be spending all my savings for it, but then my salary can double. But then I'll have to wait an extra year or two to buy a property.
OPTION C: get a job in IT that may pay for part of my masters. In addition it may pay more than what I'm making now.
I think option C is best. That's what I'm working towards right now.
At the same time, I'm learning a ton about stocks and options and what not. I have leisure money on the side. Instead of spending that money on bullshit like going out with friends and unnecessary clothes... why not play the stock market?
LONG TERM GOAL
Live off of passive income. Or as close to passive as possible.

